Is It Clear Yet?

American Express converts from a financial services company to a bank.

Credit card companies are set to get the bailout money so they can stay above water as people get into more debt (and Christmas time is here!)

There's a real big push to break off automobile companies some of that bail out cheddar.

[ UPDATE ]

The government has said it's fine that banks are using the money to buy banks instead of easing the credit crunch, the thing that is supposed to be hurting the economy right now, you know, lack of credit.

I got that twisted, the government wants banks to stop using the money to buy other banks, but wants the banks to using the money for ease of credit. Credit, the lack of which is hurting the economy right now. The thing that everyone is relying on too damn much. So, if you believe that giving good money to those who have bad credit caused this mess, what good does giving more money to different people/companies with similar bad credit do?

The reliance of companies on lines of credit just to meet payroll, not for infrastructure improvements, just to meet payroll, has surfaced.

So, is it clear to people NOW that this economic mess, while maybe inched forward by the subprime mortgage mess, is MUCH MORE about the FUNDAMENTALS of the U.S. and world economy vs. housing?